RE: Boy Blunders1 Sep 2021 12:53
NVG
If you actually read my responses to the man from Planet Zog, you'd have worked out that we're not actually the same person.
He's simply someone that has no clue about any of the stuff going on or how joint ventures and the oil and gas business works, a blatant deramper as much as Heid is a blatant ramper,neither understand what they're talking about. As much as folks don't like what I post, I do refrain from simply making stuff up. At the end of the day its about understanding risk, not the risk as portrayed from promotional CEO's and Co-CEOs (Co-CEO's that probably tells you enough about their Ego's). Investment is not simply believing the hype, and not just listening to folks who repeat the hype from a position of not understanding, or not perhaps not wanting to understand the risks, that's simply gambling... people have to accept that these are traders shares, and that just because hydrocarbons are present doesn't mean its "nailed on" and if there's no "measurable flow" then it tells you something about what's really happening. To date they have to date been silent about what actually happened at WNA, simply stating unexpected liquids, begs the question, why did they miss the fact that the section they were testing could be liquid bearing rather than gas, why have they never said what that liquid was if they got samples from WNA1 and indeed WNB1z?? what's the big secret, or is it they really don't know? To date the results suggest that it's likely (although not certain) that the Kirkham Abbey is behaving like most previous Kirkham Abbey and equivalent reservoirs which have mostly failed to deliver. Add that to the obvious fact that information is being leaked and the share price is actually moving ahead of the formal news, whether that be placings, flow rates, lack of flow rates, you have a recipe for ****ed off "long term"shareholders, and an environment for traders to flip for a quick return. Pretending that this is a company that will be worth 10 times its current value is simply unrealistic. IF WNA fails to flow (or should I say be able to be pumped) then its probably game over for "the largest onshore discovery since 1973"...